The first Presidential debate between Hillary Clinton and Donald Trump is scheduled for September 26. I came to the conclusion that: The markets are trading as though Clinton has already won. As of this writing, polls have been narrowing in Trump’s favor. The consensus is that Clinton will win the debate. For Clinton to win
After the Fed’s statement, a serious disconnect is developing as almost everything almost everywhere is rallying strongly. The push higher in China, the rally in mining stocks in Europe. The drop in Japan. The SPX did not give an opportunity to enter long at 2150, I will be looking for a pull back targeting the
Wall Street ended mostly lower, hurt by a surging dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. Treasury yields rose after more hawkish but non-committal comments from the Fed Chair. Oil and gold prices were little changed in a
Oil rally continues as speculation intensified over potential producer action to support prices amid a crude glut, pushing Wall Street to all-time highs. Berkshire boosts bet on Apple Warren Buffett’s Berkshire Hathaway said it has increased its stake in Apple by 55 percent, boosting its bet on the iPhone and iPod maker even as other
